Apartments For Sale • 9,422 SF
| Stabilized 9-Unit Income Base with Immediate Value-Add Rent Upside |
| Approved by-right expansion to 18 units with no third-party cooperation required |
| Full entitled pathway to 23 units with completed architectural and engineering drawings |
| SELLER FINANCING at 5% fixed for 11 years & only 8% down to close |
| Rent upside available through exterior improvements without waiting on expansion - Infrastructure already upgraded to support new construction, reduci |
| Adjacent to Intermountain McKay-Dee Hospital, one of Utah's top-ranked regional employers |
| Cap Rate: | 4.68 % |
| Total Expenses: | $48,319 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Cornerstone - Country Hills Apartments |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Ogden (FrontRunner North - Utah Transit Authority (UTA)) | 9 min | - | 3.9 mi |
| Roy (FrontRunner North - Utah Transit Authority (UTA)) | 14 min | - | 6.7 mi |
| Airport | Drive | Walk | Distance |
| Salt Lake City International | 45 min | - | 34.4 mi |